However, only around 1 in 10 life and health policies are purchased through direct digital channels, as buyers continue to seek human advice before committing.
Marine hull premiums rose by double digits across both onshore and offshore business, with offshore underwriting profits seeing a 167% rise, as claims fell.
AM Best maintains 'Stable' outlook for non-life market, spotlighting prospects for motor and health, which are balanced by economic and underwriting challenges.
From hardening rates in cat-exposed regions to softening financial lines, Q4 market report paints a complex picture of growth, challenges, and shifting dynamics in APAC.
